ViennEast Compass: CESEE outlook, planning for new normal

Marcus How of Vienneast in Vienna August 3, 2020

There is no end to the COVID-19 pandemic in sight, but the new normal that will emerge could benefit the countries of Central Eastern and Southeastern Europe (CESEE), due to the new opportunities that will arise.

Poland presents its first electric vehicle Izera

bne IntelliNews July 29, 2020

ElectroMobility Poland will produce the “reasonably-priced vehicle for an average Pole” from 2023.

Amazon to expand in Poland’s Lodz region, add 500 jobs

bne IntelliNews July 28, 2020

The Lodz investment will be the ninth logistics centre in Poland since Amazon began operating in the country in 2014.

Poland to table restructuring plan for crippled miner PGG

bne IntelliNews July 27, 2020

PGG has been struggling in 2020, as lockdown measures introduced to curb the spread of the coronavirus pandemic reduced demand for electricity. Poland derives nearly 80% of its power from burning hard and lignite coal.

COVID-19 to drive Poland’s budget deficit to 21st century-unprecedented PLN100bn

bne IntelliNews July 22, 2020

Back in September, the government tabled a no-deficit budget for 2020, the first in three decades. But efforts to ease the impact of the coronavirus pandemic are instead expected to result in by far the biggest budget hole of the 21st century.

Polish retail sales reduce fall margin to just 1.3% y/y in June

bne IntelliNews July 21, 2020

A larger reduction in shops’ turnover had been expected but it appears that the positive effect of accumulated demand played a role in reducing the fall rate.

EU leaders strike deal on post-coronavirus stimulus plan

bne IntelliNews July 21, 2020

European Union leaders reached agreement on a massive stimulus plan for the bloc’s economies in the early hours of July 21, after almost five days of intense talks. 

Polish industrial production records first expansion since COVID-19 outbreak

bne IntelliNews July 20, 2020

Industrial production growth in June brought a major positive surprise, supported by the positive calendar effect as well as the base effect, as the industrial sector contracted in June last year.

Poland’s online retail giant Allegro reportedly to go public in September

bne IntelliNews July 20, 2020

The potential IPO could be worth $2.3bn-3bn, which would put Allegro’s valuation at around $11bn, making it the biggest IPO on the WSE since the 2010 debut of state-controlled insurance company PZU.

Corona vote gambles pay off for incumbents

Clare Nuttall in Glasgow July 17, 2020

Timing is everything as politicians seek to take advantage of poll boosts from steering their countries through the pandemic and launching stimulus packages, before populations really feel the impact of the crippling economic recessions.

European Commission approves merger of Poland’s PKN Orlen with peer Grupa Lotos

Wojciech Kosc in Warsaw July 14, 2020

Poland's two refining companies to merge to create a “multinational company with a global reach”, government officials say. PKN Orlen lines up its next merger, with oil and gas company PGNiG.

Andrzej Duda wins Polish presidential election

Wojciech Kosc in Warsaw July 13, 2020

Duda’s victory is expected to pave the way for the ruling right-wing coalition, led by PiS, to continue with its reformist – if hugely controversial and divisive – agenda.

Incumbent Duda hairbreadth ahead of rival Trzaskowski but exit poll fails to indicate clear winner

Wojciech Kosc in Warsaw July 12, 2020

Ipsos exit poll puts incumbent President Andrzej Duda just 0.8pp ahead of Warsaw mayor Rafal Trzaskowski in the race for Poland's presidency.

Divided Poland to choose more turmoil in presidential election on Sunday

Wojciech Kosc in Warsaw July 10, 2020

Whether incumbent President Andrzej Duda or the centre-right mayor of Warsaw Rafal Trzaskowski wins the run-off presidential vote, it will mark the start of several years of turmoil.

Week before crucial vote, no way of telling who will be Poland’s next president

Wojciech Kosc in Warsaw July 6, 2020

Incumbent President Andrzej Duda andmayor of Warsaw Rafal Trzaskowski are consistently neck-and-neck in the polls six days ahead of the second round of Poland's presidential election.